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Banks lead market rebound

2014-10-30 08:13:40| Agriculture - Topix.net

The Australian sharemarket bounced on Thursday, defying a weak lead from Wall Street, as investors responded positively to slew of corporate updates including from NAB, Wesfarmers and Coca-Cola Amatil. The benchmark S&P/ASX 200 lifted 28.8 points, or 0.5 per cent, to 5476.2. The broader All Ordinaries gained 25.9 points, or 0.5 per cent, to 5457.1. Overnight on Wednesday, America's central bank confirmed that it will end it "quantitative easing" program as the American economy continues on its trajectory towards recovery.

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